Latest news with #RWA
Time of India
20 hours ago
- General
- Time of India
Burglar targets Gurgaon flat, steals Rs 12L jewellery, caught on camera
Gurgaon: A burglar broke into a ground-floor flat at a residential society in Sector 83 and stole Rs 12 lakh work jewellery on Sunday night. The incident, which took place 8:58pm, was captured on a CCTV camera. Footage showed a man entering the flat, Vatika G-21, in Tower C3 of the society. There was no one in the house at the time. The theft came to light the next day, around 12.30pm, when the family's domestic help found a broken piece of a gold earring inside the house and alerted the flat's owner. On checking the locker in the almirah, the owner found that all the gold jewellery was missing. "We went out for dinner on Sunday evening. The thief entered the flat through the kitchen balcony and took the gold jewellery. Nothing seemed out of place initially, and it was only when our help alerted my wife that we checked the almirah and discovered the theft," said the flat's owner, adding that they filed a police complaint and submitted the CCTV footage. An FIR was registered at Kherki Daula police station under section 305 of the BNS, pertaining to theft in a dwelling house. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Falck: À 29€/mois, cette mutuelle senior assure une protection totale Prio Santé En savoir plus Undo Police said they are scanning CCTV footage and trying to identify the suspect. "A team of the crime branch is also investigating the matter, and efforts are being made to trace the accused," a police spokesperson said. The society's RWA suspects that the intruder entered the society from a vulnerable point near Tower B1 and EWS blocks, where only temporary fencing is in place instead of a boundary wall. In April this year, TOI reported that the DTCP directed the developer to restore the incomplete boundary wall, but no action was taken. Last year in Dec, DTCP investigated the matter on complaints by residents and found that the developer illegally created a passage by breaching the boundary wall and removing designated parking bays to carve out an unauthorised road from the 24m internal road. Subsequently, a show-cause notice was issued in Jan, and restoration orders were issued in Feb and April. However, the boundary wall was not rebuilt. RWA members met police officials and demanded a separate FIR be filed against the developer.
Time of India
20 hours ago
- Business
- Time of India
Steep power bill increase comes as shock for Pkl residents
Residents of Panchkula have received electricity bills showing increase of 100% to 400% for the period from mid-April to mid-May, compared to the previous year, despite minimal changes in unit consumption. While the Haryana Electricity Regulatory Commission implemented a rate increase of 20 to 30 paise per kWh/kVAh for domestic and industrial categories, an analysis of various bills reveals disproportionate charges despite marginal increase in consumption. This has had a particularly adverse effect on middle-class families, the economically disadvantaged and pensioners. S K Nayar, Citizens' Welfare Association president from Sector 15, experienced a 145% increase in charges while maintaining similar consumption. His bill rose to Rs 2,042 for 210 units, compared to Rs 833 for 216 units in April 2024. "It is a loot of public money, and a wrong step was taken. Earlier, there used to be a minimum charge, and even if you went out of the city for a few months, the bill amount would not pinch you. But they are imposing fixed charges, which have burned a hole in the pockets of the common man," he rued. Sector 25 resident Mohit Gupta received a bill of Rs 5,641 for 668.25 units, while last April's bill was Rs 2,673 for 496.23 units. Despite lower consumption previously, this year's rate increase has resulted in substantially higher charges. Sant Singh Gill, former RWA president of Sector 25, saw his bill increase to Rs 3,745, as compared to Rs 1,286 last year, representing a 191% rise in charges against a 47% increase in consumption. Analysis shows varied impacts: Cases with abnormal consumption increases saw 430% higher bills, while 38% consumption increases resulted in 111% higher bills. Even with 21% reduced consumption, bills increased by 87%. Uttar Haryana Bijli Vitran Nigam (UHBVNL) chief engineer (Operations) Chandan Singh said, "The bills have been generated as per HERC's current rates. Some may have felt bills are higher because consumption has increased. As far as fixed charges are concerned, it is a certain amount for certain uses." The 2025-26 electricity order confirms rate increases of 20 to 30 paise per kWh/kVAh for both domestic and industrial categories in Haryana.
Yahoo
a day ago
- Business
- Yahoo
Agri-Tech Firm Dimitra Partners With MANTRA to Bring Cacao, Carbon Credits onto the Blockchain
Dimitra, a blockchain-based agricultural technology company, has partnered with Layer 1 blockchain platform MANTRA to bring real-world agricultural assets on-chain. Jon Trask, Dimitra's founder CEO, told CoinDesk at Bitcoin 2025 in Las Vegas last week that the partnership aims to eventually bring a billion dollars worth of agricultural assets, starting with cacao in Brazil and carbon credits in Mexico, onto MANTRA's blockchain. Trask added that the two pilot projects with MANTRA are currently small in scale — in Brazil, only 25 of the 374 cocoa farmers in Brazil's so-called 'cocoa pole' in the southern region of Roraima are currently signed up to participate — but could be expanded 'indefinitely' with enough investor interest. Through the partnership, MANTRA holders will be able to invest directly in smallholder farmers, providing funding for a variety of regenerative agricultural projects in a way that is made traceable and verifiable by the blockchain. Trask estimated that investors could see between a 10-30% return on their investments annually, which he clarified was a a projected range based on preliminary modeling — with agriculture comes risks like pests and drought which could impact yield, he added. Trask said that Dimitra is still in the process of integrating the two pilot programs with MANTRA, but expects that holders of MANTRA's native OM token will be able to invest in the projects within the next couple of months. Dimitra's announcement comes a month after MANTRA took a beating. Its OM token plummeted 90% in a flash-crash in April. Since the crash, OM has hovered around $0.34 — a far cry from its height of $8.47 in February. Asked why Dimitra went forward on a partnership with MANTRA following the fallout, Trask said that the deal pre-dated the crash, but admitted it initially gave him pause. 'We made the deal many months ago,' Trask told CoinDesk. 'Then they had their crash, and we all took a pause to reassess to ensure we were making the best decisions for the long-term benefit of the community and projects amid a time of volatility.' But ultimately Trask decided to move forward with the partnership, telling CoinDesk that, when the dust settled, he still found the fundamental reasons for the partnership to hold true: MANTRA had a strong team, he said, the real-world asset (RWA) development was sound, and he was impressed by their virtual asset service provider (VASP) license, granted by Dubai's Virtual Asset Regulatory Authority (VARA), which it obtained earlier this year. MANTRA has done a number of RWA tokenization projects in the Middle East, including tokenizing $500 million worth of real estate in the United Arab Emirates (UAE) for a Dubai-based real estate group. 'Tokenizing agriculture isn't just about innovation, it's about finding solutions to real-world issues long associated with food supply — at scale — and for long-term impact,' said John Patrick Mullin, CEO of MANTRA, in a press release shared with CoinDesk. 'Dimitra is solving real-world problems, with a focus on traceability and transparency — and we're proud to help bring those to a wider audience. MANTRA Chain was built to support projects like these.' Sign in to access your portfolio
Time of India
2 days ago
- General
- Time of India
Noida stops crematorium revamp inside Biodiversity Park after complaints
Noida: Noida Authority has stopped the revamp of a crematorium that was coming up inside the Biodiversity Park in Sector 91, following complaints from residents of nearby societies. Considered as the city's green lungs, the park was developed on 110 acres under a Rs 100-crore ecological development project. A deer park and sunset safari are also proposed to come up on 30 acres of the biodiversity park at an estimated Rs 40 crore. The crematorium, being redeveloped on a land parcel about 50m from the park's gate number 2, is located within a 200-metre radius of several group housing societies and residential colonies in Sector 92. A complaint submitted by the sector's RWA to Noida Authority CEO Lokesh M pointed out that the National Building Code prohibited constructing a cremation ground within 250 metres of human habitation and demanded an inquiry into the matter. The RWA also claimed the adjacent residential sectors were densely populated and emissions from cremation could pose risks to public health, environmental safety and the sanctity of the park. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với sàn môi giới tin cậy IC Markets Tìm hiểu thêm Undo "Children, women, elderly and others, who use this beautiful park, will be afraid to enter if funeral pyres are allowed to burn there. It will spoil the image of this world-class biodiversity park and, due to religious sentiments, the park will become a 'ghost park,'" the letter stated. Birdwatchers who frequent the Biodiversity Park have also raised objections. Tripti Upadhyaya, a birdwatcher and resident of Eldeco Utopia in Sector 93, said, "A cremation ground and biodiversity cannot go hand in hand. The burning of remains and the smoke can easily disrupt the habitat for flora and fauna here." In Gheja, about 2km away, villagers claimed the cremation ground existed inside the park for several decades. Kartar Pradhan of Gheja village claimed the villagers won the land through a high court ruling nine years ago and insisted that the plot was designated for cremation purposes. While a structure allowing the simultaneous cremation of two bodies is already in place, an additional shed for visitors is under construction. Noida has spent Rs 29 lakh on the project. CEO Lokesh M said the area was reserved for an international wildlife attraction and ordered a full report on the matter. "Deer will be brought in from abroad for the sunset safari and the park. A cremation ground cannot be allowed at this location," he said. The Authority has called for a detailed report before taking any further action.
Business Wire
2 days ago
- Business
- Business Wire
STOKR Surpasses US$1 Billion in Tokenized Asset Volume, Powering the Rise of Capital Markets Built on Bitcoin
LUXEMBOURG--(BUSINESS WIRE)--STOKR, the European tokenization platform for financial assets, has surpassed US$1 billion in tokenized asset volume, marking a breakthrough moment for real-world assets (RWAs) and reinforcing Bitcoin's role as the foundation for modern financial infrastructure. European tokenization platform STOKR surpasses US$1B in tokenized asset volume, marking a milestone moment in the evolution of capital moments built on Bitcoin. First announced last week at Bitcoin 2025 in Las Vegas, the milestone highlights STOKR's leadership in delivering compliant, blockchain-based investment products—particularly those built on the Liquid Network, Bitcoin's most resilient sidechain, purpose-built for institutional-grade confidentiality, scalability and settlement efficiency. 'Crossing the US$1 billion mark is a powerful validation of our long-term vision of Bitcoin being not just sound money but the foundation of new and improved capital markets,' said Arnab Naskar, Co-Founder and Co-CEO of STOKR. 'As a US$2 trillion network, Bitcoin is more than ready to support hundreds of billions in institutional-grade capital market products. With the right assets and compliant tokenization frameworks in place, this milestone is just the start. Our sights are already set on US$10 billion—and we're picking up speed.' BMN2 Ranks as Second-Largest RWA Globally STOKR's billion-dollar milestone was driven by a broad suite of tokenized securities, including equity, debt, fund units and products anchored in Bitcoin infrastructure. Among the top performers is the Blockstream Mining Note 2 (BMN2), issued by Blockstream Mining, which now ranks as the second-largest RWA by volume globally, valued at US$790 million as of May 12, 2025. BMN2 follows the success of BMN1, which matured in July 2024 with a record 1,212 BTC payout, delivering up to 103% cash-on-cash return—one of the highest in RWA history. STOKR is also at the forefront of fixed-income miner financing, having originated over US$400 million in hashrate-backed debt products to date. These offerings enable miners to raise capital using future hashrate as collateral, expanding the use of Bitcoin infrastructure as a productive financial layer and attracting increasing interest from professional investors. Institutional Strategy Accelerates with Key Appointments As demand for compliant tokenized assets grows, STOKR has appointed Federico Demicheli as Director of Institutional Partnerships and Egor Sukhanov as Head of Product for its API-driven Tokenization-as-a-Service (TaaS) platform. Federico Demicheli, a former investment banker with years of experience at Barclays and UBS, will lead strategic partnerships with asset managers and financial institutions. Egor Sukhanov, who spent over seven years at Solarisbank, will oversee the development of STOKR's TaaS infrastructure to support scalable issuance and investor onboarding for institutional clients. Post-Funding Growth Positions STOKR for Next Phase of Expansion Following a successful US$7.4 million funding round in 2024 led by Fulgur Ventures, STOKR has significantly expanded its operations, adding new product lines, nurturing strategic partnerships with industry leaders such as Blockstream and Medad Holding, as well as creating one of Europe's first corporate Bitcoin treasuries. With over US$1 billion in tokenized assets, STOKR is now scaling Bitcoin's capital markets stack—spanning tokenized funds, equities, bonds, and real-world asset-backed products. To learn more about STOKR or to explore investment opportunities, please visit About STOKR STOKR is at the forefront of transforming capital markets for the digital era. As a leading digital investment platform, STOKR helps asset managers, fund managers, and issuers to tokenize and manage a diverse range of financial assets. STOKR operates across two core business lines: a full-service, end-to-end tokenization solution for issuers seeking comprehensive support in structuring, launching, and managing full life-cycle of tokenized securities; and an API-first solution (Tokenization-as-a-Service, or TaaS) designed for financial institutions and regulated issuers looking to integrate tokenization directly into their own systems. In 2025, STOKR surpassed US$1 billion in total tokenized asset volume, reinforcing its leadership in the real-world asset (RWA) space and its pivotal role in reinforcing Bitcoin's role as the foundation for modern financial infrastructure. With over six years of experience in the tokenization space, STOKR merges cutting-edge technology with regulatory robustness to support the institutional shift toward digital assets. As a Virtual Assets Service Provider (VASP) registered with the CSSF in Luxembourg, STOKR is committed to the highest standards of regulatory compliance, ensuring a reliable and trustworthy platform for all stakeholders.
